Question: A monopoly's demand function is as follows:Q = 400 - P/2.Its total cost function is: TC = 3000 + 3Q2.What is the profit maximizing output

A monopoly's demand function is as follows:Q = 400 - P/2.Its total cost function is: TC = 3000 + 3Q2.What is the profit maximizing output if the firm charges the same price to all consumers?

Group of answer choices

80

None of the answers listed is correct.

120

60

70

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